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Registered
Join Date: Mar 2003
Location: Charlottesville Va
Posts: 5,926
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Matt, if you're retirement account decreased by 50%, you need a new advisor.
I live on retirement income. My accounts dropped maybe 15% or so. It was still a big number and stung. But I only count on 5% or so annual returns in my planning, and the last few years have been way above that, so on a 10 year average I'm still on target.
That said, I'm of the belief that the real economic impact of this is yet to come.
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Greg Lepore
85 Targa
05 Ducati 749s (wrecked, stupidly)
2000 K1200rs (gone, due to above)
05 ST3s (unfinished business)
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